Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.7% |
| 2 | Consumer Discretionary | 0.84% |
| 3 | Communication Services | 0.67% |
| 4 | Financials | 0.66% |
| 5 | Healthcare | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4326
PUT
Janux Therapeutics
JANX
$986M
| $4.15M | ﹤0.01% |
300,500
+133,400
| +80% | +$3.14M |
|
4327
CALL
Banco Bilbao Vizcaya Argentaria
BBVA
$158B
| $4.15M | ﹤0.01% |
177,900
+139,400
| +362% | +$2.91M |
|
4328
Alerian MLP ETF
AMLP
$13.2B
| $4.14M | ﹤0.01% |
+88,081
| New | +$4.12M |
|
|
PCH
4329
CALL
DELISTED
PotlatchDeltic
PCH
| $4.14M | ﹤0.01% |
104,100
+21,500
| +26% | +$870K |
|
4330
Sensata Technologies
ST
$6.73B
| $4.14M | ﹤0.01% |
124,372
-54,207
| -30% | -$1.73M |
|
4331
CALL
Watts Water Technologies
WTS
$12.8B
| $4.14M | ﹤0.01% |
15,000
+500
| +3% | +$138K |
|
4332
ActivePassive International Equity ETF
APIE
$1.16B
| $4.14M | ﹤0.01% |
116,474
-34,889
| -23% | -$1.26M |
|
4333
Sanmina
SANM
$11.3B
| $4.14M | ﹤0.01% |
27,557
+21,556
| +359% | +$3.18M |
|
|
EU
4334
enCore Energy
EU
$235M
| $4.13M | ﹤0.01% |
1,666,924
-908,118
| -35% | -$2.6M |
|
4335
CALL
NOV
NOV
$7.54B
| $4.13M | ﹤0.01% |
264,100
+78,300
| +42% | +$1.16M |
|
4336
Dynatrace
DT
$14.2B
| $4.13M | ﹤0.01% |
95,228
+10,841
| +13% | +$505K |
|
|
SUPV
4337
PUT
Grupo Supervielle
SUPV
$705M
| $4.13M | ﹤0.01% |
349,000
-25,200
| -7% | -$246K |
|
4338
CALL
Service Corp International
SCI
$11.5B
| $4.12M | ﹤0.01% |
52,900
-18,200
| -26% | -$1.46M |
|
4339
CALL
VanEck Rare Earth/Strategic Metals ETF
REMX
$2.3B
| $4.12M | ﹤0.01% |
55,700
-55,300
| -50% | -$3.97M |
|
|
NNDM
4340
Nano Dimension
NNDM
$344M
| $4.12M | ﹤0.01% |
2,673,453
+707,144
| +36% | +$1.2M |
|
4341
CALL
NB Bancorp
NBBK
$1.01B
| $4.11M | ﹤0.01% |
207,600
+133,800
| +181% | +$2.55M |
|
4342
CALL
TETRA Technologies
TTI
$1.27B
| $4.11M | ﹤0.01% |
439,100
+158,700
| +57% | +$1.22M |
|
|
WRD
4343
PUT
WeRide Inc
WRD
$1.92B
| $4.11M | ﹤0.01% |
473,900
-281,800
| -37% | -$2.62M |
|
4344
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.84B
| $4.11M | ﹤0.01% |
44,166
+39,591
| +865% | +$3.68M |
|
4345
CALL
Crescent Energy
CRGY
$4.03B
| $4.11M | ﹤0.01% |
489,800
+340,700
| +229% | +$2.99M |
|
4346
CALL
FMC
FMC
$1.27B
| $4.11M | ﹤0.01% |
296,000
-196,900
| -40% | -$3.75M |
|
|
OSG
4347
Octave Specialty Group
OSG
$221M
| $4.1M | ﹤0.01% |
526,588
+252,278
| +92% | +$2.16M |
|
4348
Fortuna Silver Mines
FSM
$3.16B
| $4.09M | ﹤0.01% |
416,874
+337,069
| +422% | +$3.03M |
|
4349
Prime Medicine
PRME
$560M
| $4.08M | ﹤0.01% |
1,176,727
+592,303
| +101% | +$2.63M |
|
4350
PUT
Evercore
EVR
$11.8B
| $4.08M | ﹤0.01% |
12,000
-11,900
| -50% | -$3.82M |
|
Similar funds
Susquehanna International Group's Q4 2025 Portfolio in Review
As of Q4 2025, Susquehanna International Group held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Susquehanna International Group's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Susquehanna International Group added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Susquehanna International Group's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Susquehanna International Group fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Susquehanna International Group's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Susquehanna International Group opened 1,864 new positions and closed 1,914 in Q4 2025.
- Susquehanna International Group's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.